Using the data in the Option 2 Spreadsheet (linked at the bottom of the page), perform the accounting required for the formation, operations, and liquidation of the SPLIT Partnership. Within the worksheet, you are to:

1. Perform the required journal entries
2. Update the partnership financials after each set of transactions. There are three sets—formation set, operation set, and liquidation set.

Complete all work on the spreadsheet attached to this assignment; it will be your only deliverable.

Part 1: Perform for all partnership formation transactions

Part 2: Perform for all operational and liquidation transactions